Cellulose Fibre Market Outlook
According to a new report by Expert Market Research titled, “Cellulose Fibre Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global cellulose fibre market is projected to grow at a CAGR of 9% between 2024 and 2032. Aided by the growth in the textile industry and technological advancements in manufacturing, the market is expected to grow significantly by 2032.
Cellulose fibres, derived from plant-based materials, have gained significant traction due to their natural origin and sustainable properties. They are widely used in the textile industry, as well as in the manufacturing of a variety of consumer goods, including hygiene products, pharmaceuticals, and food packaging.
The cellulose fibre market growth is primarily driven by the increasing demand for environmentally friendly and sustainable products. With the rising awareness about the environmental impact of synthetic fibres, consumers and manufacturers are shifting towards cellulose fibres, which are biodegradable and have a lower ecological footprint. This shift is particularly evident in the textile industry, where there is a growing preference for eco-friendly fabrics.
Another significant propellant for the cellulose fibre market demand is the versatility of cellulose fibres. They can be used in a wide range of applications due to their varying properties such as absorbency, strength, and softness. This versatility has led to their increased adoption in non-textile industries, such as in the production of hygiene products (like sanitary pads and diapers), as well as in the automotive and aerospace industries for lightweight and strong composite materials.
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Technological advancements in the production of cellulose fibres are also contributing to the cellulose fibre market size. Innovations in manufacturing processes have led to the development of new types of cellulose fibres with enhanced properties, such as increased durability and improved texture. These advancements are making cellulose fibres more competitive with synthetic alternatives and are expanding their application scope.
The increasing global population and the subsequent rise in consumer goods demand are further fuelling the growth of the market. With the population growth, there is an increased need for clothing, hygiene products, and various other consumer goods where cellulose fibres are used. As per the cellulose fibre market analysis, the ongoing trend towards sustainability and the increasing environmental regulations against synthetic, non-biodegradable fibres are expected to continue driving the demand for cellulose fibres.
Cellulose Fibre Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
• Natural
- Cotton
- Jute
- Others
• Man made
- Viscose
- Acetate
- Lyocell
- Modal
- Others
Market Breakup by Application
• Textile
• Hygiene
• Industrial
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cellulose fibre market. Some of the major players explored in the report by Expert Market Research are as follows
• Lenzing AG
• Grasim Industries Limited
• Fulida Group Holding Co. Ltd
• CFF GmbH & Co. KG
• Eastman Chemical Company
• Metsä Group
• Others
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